SunPower

SunPower Corporation

Traded as	Nasdaq: SPWR
Industry	Renewable energy
Founded	1985; 40 years ago (1985)
Founder	Richard Swanson
Headquarters	Richmond, California , United States
Area served	United States and Canada
Key people	Tom Werner (Principal Executive Officer)
Revenue	US$1,741 million (2022)
Operating income	US$(0.49) million (2022)
Net income	US$60.463 million (2022)
Total assets	US$1,780 million (2022)
Total equity	US$575 million (2022)
Number of employees	4,710 (2022)
Parent	TotalEnergies (50.6%)
Website	sunpower.com
Footnotes / references Financials as of December 31, 2022[update]. References:[1]

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company purchased a controlling interest in SunPower for US$1.37 billion in 2011 but disengaged progressively until reaching 32.5%.^{[citation needed]}

The company previously developed and manufactured photovoltaic panels, before spinning off that part of its business in 2020 as Maxeon Solar Technologies. The company had also previously marketed its products to commercial and industrial customers before agreeing to sell that business line to TotalEnergies in February 2022.

SunPower filed for chapter 11 bankruptcy protection in August 2024. Nasdaq trading was suspended on 16 Aug 2024. As of 26 Dec 2024, the OTC stock symbol is SPWRQ, and the share price is $0.0001.^[2]